Dollar Trading Sideways at the Lows All Morning

Gold Futures:

– We have gold futures trading sideways in a narrow trading at the highs, and im looking for a short entry and a reversal pattern off these highs

– Entry short below 30.1 and we have profit targets at 28.8, 27.5, and then down to the previous HOD at 22.5 for the final ¼

– If e do breakout to the upside we have a Fast Track setting up above 33.8

o Use 10 tick stop and target for this low risk day trade opportunity.



Gold Reversal Pattern



Crude Oil Futures:

1100am EST

– The crude oil futures are trading sideways at the new highs of 82.74 so we have a reversal pattern setting up below 82.50 for entry short.

– Profit target of 38, 29, and then all the way down to the lows of the trading range, and use the big round number as my final target, 82.00 (1/4)
 



Crude Oil Futures Reversal Pattern



Euro Futures:

1130am est

– The euro has two high percentage set-ups right now at these highs

o Wave long will trade with the trend and the entry requires the momentum to curl up from the oversold territory, also look for increasing speed.

o If we break below 3820 level we have a 2-step reversal pattern, with entry < 20 we have targets of 3807, 90, and then all the way down to the lows of the channel at 65 for the final target.



Euro Trend Continuation